South Korean presidential candidates are focusing on amending laws to allow spot crypto ETFs and create a stablecoin backed by the Korean Won.
The upcoming presidential election in South Korea on June 3rd has seen crypto take a significant role, with candidates aiming to attract the 15 million crypto investors in the country.
All major candidates support the introduction of Bitcoin ETFs and institutional investment, despite the current ban on such activities in South Korea.
South Korea is witnessing a shift in its crypto regulations, with recent developments like lifting a seven-year crypto ban by the Financial Services Commission.